Is it safe?
Can BHC take a bad year?
Bausch Health Companies Inc. carries $19.5B of net debt at 10.9× EBITDA: a heavy load to carry through a bad year.
$19.5B
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 10.9×
Net debt / EBITDA · 7.29× a year ago · the load is going up
- Interest cover
- 0.35×
Interest cover · operating profit barely covers the interest bill
- Annualised volatility
- 65%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ1 2026
- $20.8B
- Cash and short-term investments
- $1.30B
- Net debt
- $19.5B
- EBITDA, trailing twelve months
- $1.78B
- Operating profit, trailing twelve months
- $587M
- Total debt / EBITDA
- 11.6×
- Annualised volatilitytwo years of daily moves
- 65%
- Worst drawdown on file
- −87%
- Below its 52-week high
- −22%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Drug Manufacturers - Specialty & Generic
Ranks #20 of 28 by Smart Score